Warrenton Urban Renewal Agency AgendaPacket 2026-05-12
Urban Renewal Agency Approves 147 S. Main Library Purchase
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Description
The Warrenton Urban Renewal Agency approved a Purchase and Sale Agreement to acquire 147 S. Main Avenue for approximately $845,000, with $750,000 funded by the Agency and the balance from the City’s general fund. The property will house the City Library and allow termination of the existing agreement with the School District by August 2026.
Contract Details
Contract Amount
$750,000 of the purchase price from Urban Renewal Agency with the remainder from general fund. Total purchase price $845,000 (comprised of $5,000 earnest money, $400,000 at closing, and $439,475 balance).
Vendor
WARRENTON URBAN RENEWAL AGENCY
Agency
City of Warrenton, OR
Contract Type
FACILITIES
Document Date
May 12, 2026
Renewal Info
One-time property acquisition; no renewal options are described. Closing targeted on or before June 15, 2026, under the PSA terms, with standard title, due diligence, and closing conditions but no ongoing renewal provisions.
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